FAIRFIELD CONN. – April 19, 2010 — Foundation Source, the nation’s leading provider of support services for private foundations, and Charity Navigator, the nation’s largest and most-utilized charity evaluator, announced the co-development and joint release of Charity Reports, a comprehensive organizational assessment of charities exclusively available to Foundation Source clients. The new due diligence tool is designed to help get “under the covers” to establish an accurate picture of potential grantees before donations are made.
Each Charity Report will be developed by a team of experts who will gather data from financial statements, scan news media and other documents and review the responses to an in-depth questionnaire submitted to each charity analyzed. The result is a detailed examination of a charity’s financial health, accountability and effectiveness, including an overall rating of donor investment risk.
Foundation Source and Charity Navigator will introduce clients to Charity Reports via a private webinar on April 27, 2010 at 1:00 P.M. EST. Clients who wish to register for the webinar should contact Julie Harris at 203-319-3723 or firstname.lastname@example.org.
Kenneth Berger, Charity Navigator President and CEO, said, “For some time we have wanted to develop more robust and comprehensive tools for assessing the financial health and overall effectiveness of non-profits. Through partnering with Foundation Source to develop Charity Reports, we have taken a major step toward that goal.”
Page Snow, Foundation Source Chief Philanthropic Officer, said, “We are thrilled to partner with Charity Navigator to provide Charity Reports to the family and donor-led foundations we serve. Our clients want to know that their donations are being used wisely. Charity Reports provides that assurance through analysis that creates a much more in-depth picture than any other assessment tool widely available today.”
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About Charity Navigator (www.charitynavigator.org)
Charity Navigator is the largest charity evaluator in America and its website attracts more visitors than all other charity rating groups combined. The organization helps guide intelligent giving by evaluating the financial health of over 5,500 charities. Charity Navigator is a 501 (c)(3) organization which accepts no advertising or donations from the organizations it evaluates, ensuring unbiased evaluations. Charity Navigator, can be reached directly by telephone at
(201) 818-1288, or by mail at 139 Harristown Road, Suite 201, Glen Rock, N.J., 07452.
About Foundation Source (www.foundationsource.com)
Recognized as Philanthropic Group of the Year by the editors of Private Asset Management,
Foundation Source is the nation’s leading provider of support services for private foundations. The company’s full suite of back-office, online and advisory services allows foundations to focus on their mission, strategy and family priorities, and spend less time on administration and compliance tasks. The result: better run foundations with greater social impact.
Foundation Source offers a full range of award-winning services to over 900 private foundations coast-to-coast representing over $4 billion in foundation assets. Foundation Source provides its services independently and through partnerships with the nation’s leading private wealth management firms, trust and estate attorneys and CPAs. The company is headquartered in Fairfield, CT with regional offices in Atlanta, Boston, Chicago, Denver, New York City, Philadelphia, Salt Lake City, San Francisco, Los Angeles and Seattle.
Chief Philanthropic Officer
Vice President of Marketing